Quad Graphics, Inc (NYSE:QUAD) Receives $12.00 Average Price Target from Brokerages

Shares of Quad Graphics, Inc (NYSE:QUAD) have earned an average recommendation of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $12.00.

Several analysts have issued reports on the stock. Rosenblatt Securities raised their price objective on shares of Quad Graphics from $9.80 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Zacks Research upgraded shares of Quad Graphics from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Quad Graphics in a research report on Friday, July 24th. Finally, Benchmark upped their price target on shares of Quad Graphics from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, July 30th.

Hedge Funds Weigh In On Quad Graphics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in Quad Graphics during the 2nd quarter worth approximately $3,506,000. Baron Wealth Management LLC raised its holdings in shares of Quad Graphics by 14.2% during the second quarter. Baron Wealth Management LLC now owns 24,973 shares of the business services provider’s stock worth $211,000 after purchasing an additional 3,107 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Quad Graphics during the first quarter valued at $119,000. Arrowstreet Capital Limited Partnership boosted its holdings in Quad Graphics by 2.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 460,452 shares of the business services provider’s stock valued at $3,044,000 after purchasing an additional 9,174 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Quad Graphics by 30.5% during the 1st quarter. Cetera Investment Advisers now owns 46,365 shares of the business services provider’s stock valued at $306,000 after buying an additional 10,849 shares during the last quarter. Hedge funds and other institutional investors own 39.52% of the company’s stock.

Quad Graphics Stock Performance

NYSE:QUAD opened at $9.91 on Monday. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.87 and a quick ratio of 0.60. Quad Graphics has a 1 year low of $5.12 and a 1 year high of $11.15. The stock’s 50 day simple moving average is $8.62 and its two-hundred day simple moving average is $7.54. The company has a market cap of $510.23 million, a price-to-earnings ratio of 15.74 and a beta of 1.11.

Quad Graphics (NYSE:QUAD) last posted its earnings results on Tuesday, July 28th. The business services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Quad Graphics had a net margin of 1.31% and a return on equity of 47.90%. The firm had revenue of $577.50 million during the quarter, compared to analyst estimates of $545.15 million. As a group, equities analysts anticipate that Quad Graphics will post 1.27 earnings per share for the current fiscal year.

Quad Graphics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.0%. Quad Graphics’s payout ratio is 63.49%.

Quad Graphics Company Profile

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.